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We are looking for an experienced Compensation Manager to join our team in Springfield, Massachusetts. In this long-term contract role, you will play a critical part in analyzing, developing, and managing compensation programs to ensure competitive and equitable pay structures. This position requires a deep understanding of market trends and expertise in compensation strategies to support organizational goals.
Job Responsibility:
Conduct salary surveys and analyze industry trends to maintain competitive pay practices
Evaluate job roles and responsibilities to determine appropriate salary ranges, classifications, and exemption statuses
Develop and manage compensation structures, including base pay, incentive programs, bonuses, and commissions
Collaborate with HR and leadership teams to align compensation strategies with organizational objectives
Ensure compliance with relevant laws and regulations related to compensation and workers' compensation policies
Provide guidance and insights on compensation matters to support recruitment and retention efforts
Monitor and adjust compensation programs based on market changes and organizational needs
Prepare detailed reports and presentations to communicate compensation strategies and findings
Partner with external vendors to conduct benchmarking studies and gather relevant market data
Requirements:
Proven experience in compensation analysis and program management
Strong knowledge of compensation surveys and benchmarking processes
Familiarity with workers’ compensation laws and related regulations
Expertise in designing and administering incentive and bonus structures
Ability to analyze complex data and provide actionable insights
Excellent communication and collaboration skills to work effectively across teams
Proficiency in creating detailed reports and presentations
Knowledge of industry trends and best practices in compensation and benefits
What we offer:
medical, vision, dental, and life and disability insurance